New CEO hit by double downturn in his first Lauritzen quarter

The emerging dry bulk recovery has so far sidestepped J. Lauritzen, and the carrier is now also preparing for a downturn in the gas sector. "Of course we'd much rater be making money," the carrier's new CEO, Mads P. Zacho, tells ShippingWatch.

Photo: J. Lauritzen

Mads P. Zacho has not had many days to make his mark at dry bulk and gas tanker carrier J. Lauritzen. He took over as Chief Executive around two months ago.

We have a fleet of around 30 vessels which we've chartered in during the past five years at fairly high prices, and we'll be "enjoying" these ships for a few more years"

Mads P. Zacho, CEO, J. Lauritzen

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